News

Subscription-To-Savings-Scheme (STSS) – Launch of Series 8

STSS Series 8 is a by invitation only, 4 year savings scheme for all members with no outstanding loans with Police Co-op and have a minimum balance of $2,000 in their Subscription Capital Accounts (SCA) as at 31 October 2018.The key objective of STSS is to provide members with an opportunity to earn more regular […]

Maturity of Subscription-To-Savings Scheme (STSS) Series 4 and Invitation to STSS Series 7

We are pleased to inform members that the following placement under STSS Series 4 will mature on 31 October 2018.

The Society would like to invite members who have successfully completed the 4-year term under Series 4 to participate in STSS Series 7.

STSS Series 7 has a term of four (4) years. A return of 3.25% […]

Specific Deposit Interest Rate For the Period 1 July 2018 to 30 September 2018

The interest rate for Specific Deposit Account will remain at 0.60% per annum for the period 1 July 2018 to 30 September 2018. Subsequent updates on the interest rate can be obtained from our website at https://policecoop.org.sg/specific-deposits-savings-optional/.

Interest rates for the Fixed Deposits Account will also remain the same from 1 January 2018 as follows:

Tenure (Months)

Interest Rates (% […]

List of Winners For the 1,000 Movie Tickets Giveaway in New Year Giveaway 2018

Thank you for your interest in the New Year Giveaway 2018 event with Police Co-op.

Registrations started pouring in at 0900 hours on 19 March 2018 and we continued receiving them until 0900 hours on 26 March 2018. Balloting was conducted by our internal auditors to determine the 1,000 winners for a pair of Cathay movie […]

Go Green, and Opt to Obtain a Copy of the 88th Annual Report Online

Last year, we started putting up the 87th Annual Report on our website so that members can easily download a copy. This year, we will continue to do so as part of our commitment to environment-friendly and cost-effective practices. The online 88th Annual Report will be made available on https://policecoop.org.sg/financials/ on 25 May 2018.

However, if you would prefer to […]

Police Co-op’s 88th Annual General Meeting on 5 June 2018

In view of the upcoming 88th Annual General Meeting (AGM), the Co-operative’s office will be closed on 5 June 2018.

Members may continue to carry out their transactions using the Co-operative’s phone-banking system (Tel: 6334 5670) on that day. Alternatively, enquiries may be directed to enquiry@policecoop.org.sg and they will be attended to on the next working day.

Dividend Payment

The dividend payout […]

Revised Fees and Charges with effect from 1 January 2018

Please refer to table below for the new fees and charges with effect from 1 January 2018.

Proposer’s Incentive to be credited into bank account

With effect from 1st January 2018, members who propose or recommend friends, family members or colleagues to join the Police Co-operative as members will receive $25 as an incentive to be credited into their bank for each successful referral. Prior to this change, the Co-operative gave members $25 worth of vouchers for each successful referral.

 An existing […]

Specific Deposit & Fixed Deposits Interest Rates

The interest rate for Specific Deposit Account will remain at 0.60% per annum for the period 1 April 2018 to 30 June 2018. Subsequent updates on the interest rate can be obtained from our website at https://policecoop.org.sg/specific-deposits-savings-optional/.

Interest rates for the Fixed Deposits Account will also remain the same from 1 January 2018 as follows:

Tenure (Months)

Interest Rates (% […]

Make a Nomination for Your Account with Police Co-op Today!

Members have been coming forward to make new appointments of nominee(s) or amend existing nominations of their accounts at the Co-operative after our article on the importance of making a nomination appeared in the October 2016 to March 2017 issue of Police Co-operator.

 

If you have chosen not to make a nomination or there has been […]

Financial Status Self-assessment – How Are You Faring?

Some guidelines to lead you in the right direction on your financial planning!

Police Co-operator to be Published on a Half-Yearly Basis

Making a Nomination – Why is it important?

What is a nomination?

A nomination allows a member to specify an individual or individuals (known as a nominee) who will receive the member’s savings deposited in his/her Police Co-op savings account, and how much each nominee or nominees should receive upon the demise of the member.

Why is it important to make a nomination?

Making a nomination […]

CRS – Individual Tax Residency Self-Certification

What is Common Reporting Standard?

The Common Reporting Standard (“CRS”) is an internationally agreed standard for automatic exchange of information (“AEOI”) on financial accounts between jurisdictions for tax purposes. The objective is to enhance tax transparency so as to detect and deter tax evasion through the use of offshore bank accounts.

More than 100 jurisdictions including major […]

Thinking of borrowing from a Licensed Moneylender? DON’T!